2024-11-11 12:37:00
Commentary on variations : Beautiful weekend this Friday 08 | CIEC presents itself at the top!
The market ended the week in style with a positive performance. The BRVM Composite index closed at 271.33 points, recording an increase of 0.42%. The BRVM 30 index also progressed, reaching 135.64 points (+0.36%), while the BRVM Prestige appreciated by 0.64% to finish at 113.18 points.
On the side of rising values, SMB CI (SMBC) leads with an increase of 5.72% to 11,000 FCFA, followed by SOGB CI (SOGC) which records an increase of 4.29% to 4,500 FCFA. CIE CI (CIEC) and BICI CI (BICC) posted increases of 3.10% and 3.00% respectively, while ONATEL BF (ONTBF) completed this top 5 with an increase of 2.80%.
Conversely, falling stocks include UNIWAX CI (UNXC) which fell 6.90% to 405 FCFA, followed by BERNABE CI (BNBC) which fell 4.76% to 1,100 FCFA. BANK OF AFRICA BF (BOABF) and AFRICA GLOBAL LOGISTICS CI (SDSC) also record declines of 2.73% and 2.44% respectively, while SOLIBRA CI (SLBC) closes the rankings with a decrease of 2.04%.
The largest transactions were dominated by ORANGE CI (ORAC) with a volume of 94,755,275 FCFA (+6.16x), followed by SOCIETE IVOIRIENNE DE BANQUE CI (SIBC) with 80,999,820 FCFA (+1.15x) . NESTLE CI (NTLC) records a notable variation of +10.67x for a volume of 65,601,690 FCFA, while SONATEL SN (SNTS) and TOTALENERGIES MARKETING SN (TTLS) complete this top 5 with respective volumes of 45,867,170 FCFA (-0.73x) and 38,912,690 FCFA (+28.22x).
In the weakest transactions, NEI-CEDA CI (NEIC) recorded a volume of 7,020 FCFA (-0.93x), followed by UNILEVER CI (UNLC) and BERNABE CI (BNBC) with variations of -0.50x and -0.80x respectively. AIR LIQUIDE CI (SIVC) and SETAO CI (STAC) complete this list with variations of -0.84x and -0.83x.
Regarding the information communicated in the BOC:
Actions
IVOIRIAN BANK COMPANY FROM (UPDATE OF) (SIBC) :
Capital increase by incorporation of reserves and premiums
Closing of registers on November 19, 2024
BANK OF AFRICA BN : Admission to listing of new shares November 19, 2024
BANK OF AFRICA SN : Admission to listing of new shares on November 13, 2024
BANK OF AFRICA ML : Admission to listing of new shares November 12, 2024
BANK OF AFRICA BF : Admission to listing of the new shares on November 12, 2024
BANK OF AFRICA OF : Admission to listing of new shares on November 20, 2024
BANK OF AFRICA CI Right of Attribution 1: Delisting
Obligations
Public Treasury of Côte d’Iovire (TPCI) :
TPCI (BASE RATE + SPREAD) % 2022-2029 (TPCI.O77) : Quarterly interest payment
Mali Bond Loan (EOM) :
EOM 6,50% 2020-2027 : Payment of annual interest and partial repayment of capital
Vocabulary Point : Liquidity
Liquidity is an essential concept in the world of finance that refers to the ease with which an asset can be bought or sold in the market without affecting its price. Liquid assets are those that can be quickly converted to cash or exchanged without a large change in price, while less liquid assets require more time to sell and may result in larger price changes.
DISCLAIMER
This document does not constitute a contract offer, solicitation, advice or recommendation on the part of SA2IF, with a view to the purchase or sale of the product(s) described therein. The information contained in this document is provided for purely informative purposes and has no contractual value. They are subject to change at any time and without notice. Furthermore, for more information or opinions as investment advice, you are requested to consult SA2IF at the contacts mentioned in this document.
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**Interview with Dr. Amina Doumbia, Financial Analyst at the Economic Research Institute**
*Interviewer:* Good afternoon, Dr. Doumbia. Thank you for joining us today. The recent market performance on November 8 was quite notable. Can you give us your insights on the trends in the BRVM indices?
*Dr. Doumbia:* Good afternoon! Yes, it’s great to be here. The BRVM market showed a positive trend last Friday with the composite index rising by 0.42%. This indicates a healthy investor sentiment in the market, especially considering the simultaneous gains in the BRVM 30 and Prestige indices, which suggests broad-based enthusiasm in different sectors.
*Interviewer:* That’s interesting! Which stocks do you think contributed most to this upward movement?
*Dr. Doumbia:* The standout performer was SMB CI, which saw a remarkable increase of 5.72%. Its robust rise is likely linked to improving business fundamentals and investor confidence. Following closely were SOGB CI and CIE CI, also with significant gains. These companies appear to have solid operational performance that investors are responding to positively.
*Interviewer:* On the flip side, a few stocks experienced declines. What do you make of the performance of stocks like UNIWAX CI and BERNABE CI?
*Dr. Doumbia:* The declines in values such as UNIWAX CI, which fell 6.90%, could be a signal of potential underlying issues or market correction. BERNABE CI’s decline of 4.76% might indicate a similar issue. Investors often react swiftly to negative news or shifts in performance outlook, which could explain these decreases.
*Interviewer:* Turning to transactional volumes, ORANGE CI dominated the trading landscape. What do you think drove such high activity?
*Dr. Doumbia:* Indeed, ORANGE CI’s transaction volume of nearly 95 million FCFA is significant. This could be attributed to a combination of strong investor interest and strategic company developments that have raised its attractiveness. Such volumes are often indicative of heightened trading interest, possibly from institutional investors capitalizing on anticipated growth.
*Interviewer:* let’s talk about the upcoming changes in share listings for the Bank of Africa companies. What does this mean for investors?
*Dr. Doumbia:* The upcoming capital increases and share admissions are a positive sign for the financial market. It suggests that these banks are looking to strengthen their balance sheets and expand their operations. For investors, this could provide new opportunities for investment in these institutions, especially if they successfully mobilize more capital for growth.
*Interviewer:* Thank you, Dr. Doumbia, for your valuable insights on the market trends and stock performances this week.
*Dr. Doumbia:* You’re welcome! It was my pleasure to share my thoughts.